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On January 1, 2024, Oriole Satellites Ltd. issued $1.48-million, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Oriole has

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On January 1, 2024, Oriole Satellites Ltd. issued \$1.48-million, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Oriole has a December 31 year end. A partial bond amortization schedule is presented below: (e) What was the market interest rate when the bonds were issued? (Round answer to 0 decimal places, eg. 52\%) Market interest rate %

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